Pakistan Q1 exports to India rise by 2.8 per cent

ISLAMABAD: Pakistan's exports to India have risen by 2.8 per cent to nearly USD 74 million during the first quarter of 2011-12 fiscal as compared to the same period of the previous financial year.

Total exports to India between July-September, 2011, stood at USD 73.871 million. (Pakistan's financial year commences from July 1.)

This is against exports of USD 71.825 million during the same period of previous year, according to data released today by the Commerce Ministry here.

Major growth was witnessed in exports of construction materials, including cement, which rose from USD 5.717 million to USD 10.850 million, a growth of 89.9 per cent.

This was followed by the export of fruits and fruit preparations, which increased from USD 19.076 million to USD 22.425 million dollars, a growth of 17.6 per cent.

The export of cotton yarn during the period increased by 149.2 per cent, growing from USD 2.112 million dollars to USD 5.264 million dollars.

Among other items, exports of medical and surgical instruments increased from USD 1.217 million to USD 1.725 million during the period under review.

Pakistan's overall exports during July, 2011-April,2012 stood at USD 19.39 billion, a decline of 3.48 per cent compared to the same period of last fiscal, according to the Pakistan Bureau of Statistics.